REGISTERED NUMBER: 07043206 (England and Wales)

Report of the Directors and

Financial Statements for the Year Ended 31 March 2025

for

Bio Collectors Limited

Page

Company Information

1

Report of the Directors

2

Report of the Independent Auditors

4

Income Statement

7

Other Comprehensive Income

8

Balance Sheet

9

Statement of Changes in Equity

10

Notes to the Financial Statements

11

DIRECTORS:

S J Matthews

S J A Blackburn

REGISTERED OFFICE:

10 Osier Way

Mitcham

Surrey

CR4 4NF

REGISTERED NUMBER:

07043206 (England and Wales)

AUDITORS:

Hardcastle Burton LLP

Lake House

Market Hill

Royston

Hertfordshire

SG8 9JN

The directors present their report with the financial statements of the company for the year ended 31 March 2025.

PRINCIPAL ACTIVITY

The principal activity of the company in the year under review was that of food waste management.

DIVIDENDS

No dividends will be distributed for the year ended 31 March 2025.

DIRECTORS

J B Williams has held office during the whole of the period from 1 April 2024 to the date of this report.

Other changes in directors holding office are as follows:

S J Matthews - appointed 20 July 2024

C Gregory - resigned 20 December 2024

C Holmes - resigned 19 July 2024

S J A Blackburn was appointed as a director after 31 March 2025 but prior to the date of this report.

S Trivellato and J B Williams ceased to be directors after 31 March 2025 but prior to the date of this report.

STATEMENT OF DIRECTORS' RESPONSIBILITIES

The directors are responsible for preparing the Report of the Directors and the financial statements in accordance with applicable law and regulations.

Company law requires the directors to prepare financial statements for each financial year. Under that law the directors have elected to prepare the financial statements in accordance with United Kingdom Generally Accepted Accounting Practice (United Kingdom Accounting Standards and applicable law). Under company law the directors must not approve the financial statements unless they are satisfied that they give a true and fair view of the state of affairs of the company and of the profit or loss of the company for that period. In preparing these financial statements, the directors are required to:

-	select suitable accounting policies and then apply them consistently;

-	make judgements and accounting estimates that are reasonable and prudent;

-	prepare the financial statements on the going concern basis unless it is inappropriate to presume that the company will continue in business.

The directors are responsible for keeping adequate accounting records that are sufficient to show and explain the company's transactions and disclose with reasonable accuracy at any time the financial position of the company and enable them to ensure that the financial statements comply with the Companies Act 2006. They are also responsible for safeguarding the assets of the company and hence for taking reasonable steps for the prevention and detection of fraud and other irregularities.

STATEMENT AS TO DISCLOSURE OF INFORMATION TO AUDITORS

So far as the directors are aware, there is no relevant audit information (as defined by Section 418 of the Companies Act 2006) of which the company's auditors are unaware, and each director has taken all the steps that he ought to have taken as a director in order to make himself aware of any relevant audit information and to establish that the company's auditors are aware of that information.

AUDITORS

The auditors, Hardcastle Burton LLP, will be proposed for re-appointment at the forthcoming Annual General Meeting.

ON BEHALF OF THE BOARD:

S J Matthews - Director

21 May 2026

Opinion

We have audited the financial statements of Bio Collectors Limited (the 'company') for the year ended 31 March 2025 which comprise the Income Statement, Other Comprehensive Income, Balance Sheet, Statement of Changes in Equity and Notes to the Financial Statements, including a summary of significant accounting policies. The financial reporting framework that has been applied in their preparation is applicable law and United Kingdom Accounting Standards, including Financial Reporting Standard 102 'The Financial Reporting Standard applicable in the UK and Republic of Ireland' (United Kingdom Generally Accepted Accounting Practice).

In our opinion the financial statements:

-	give a true and fair view of the state of the company's affairs as at 31 March 2025 and of its loss for the year then ended;

-	have been properly prepared in accordance with United Kingdom Generally Accepted Accounting Practice; and

-	have been prepared in accordance with the requirements of the Companies Act 2006.

Basis for opinion

We conducted our audit in accordance with International Standards on Auditing (UK) (ISAs (UK)) and applicable law. Our responsibilities under those standards are further described in the Auditors' responsibilities for the audit of the financial statements section of our report. We are independent of the company in accordance with the ethical requirements that are relevant to our audit of the financial statements in the UK, including the FRC's Ethical Standard, and we have fulfilled our other ethical responsibilities in accordance with these requirements. We believe that the audit evidence we have obtained is sufficient and appropriate to provide a basis for our opinion.

Conclusions relating to going concern

In auditing the financial statements, we have concluded that the directors' use of the going concern basis of accounting in the preparation of the financial statements is appropriate.

Based on the work we have performed, we have not identified any material uncertainties relating to events or conditions that, individually or collectively, may cast significant doubt on the company's ability to continue as a going concern for a period of at least twelve months from when the financial statements are authorised for issue.

Our responsibilities and the responsibilities of the directors with respect to going concern are described in the relevant sections of this report.

Other information

The directors are responsible for the other information. The other information comprises the information in the Report of the Directors, but does not include the financial statements and our Report of the Auditors thereon.

Our opinion on the financial statements does not cover the other information and, except to the extent otherwise explicitly stated in our report, we do not express any form of assurance conclusion thereon.

In connection with our audit of the financial statements, our responsibility is to read the other information and, in doing so, consider whether the other information is materially inconsistent with the financial statements or our knowledge obtained in the audit or otherwise appears to be materially misstated. If we identify such material inconsistencies or apparent material misstatements, we are required to determine whether this gives rise to a material misstatement in the financial statements themselves. If, based on the work we have performed, we conclude that there is a material misstatement of this other information, we are required to report that fact. We have nothing to report in this regard.

Opinions on other matters prescribed by the Companies Act 2006

In our opinion, based on the work undertaken in the course of the audit:

-	the information given in the Report of the Directors for the financial year for which the financial statements are prepared is consistent with the financial statements; and

-	the Report of the Directors has been prepared in accordance with applicable legal requirements.

Matters on which we are required to report by exception

In the light of the knowledge and understanding of the company and its environment obtained in the course of the audit, we have not identified material misstatements in the Report of the Directors.

We have nothing to report in respect of the following matters where the Companies Act 2006 requires us to report to you if, in our opinion:

-	adequate accounting records have not been kept, or returns adequate for our audit have not been received from branches not visited by us; or

-	the financial statements are not in agreement with the accounting records and returns; or

-	certain disclosures of directors' remuneration specified by law are not made; or

-	we have not received all the information and explanations we require for our audit.

Responsibilities of directors

As explained more fully in the Statement of Directors' Responsibilities set out on page two, the directors are responsible for the preparation of the financial statements and for being satisfied that they give a true and fair view, and for such internal control as the directors determine necessary to enable the preparation of financial statements that are free from material misstatement, whether due to fraud or error.

In preparing the financial statements, the directors are responsible for assessing the company's ability to continue as a going concern, disclosing, as applicable, matters related to going concern and using the going concern basis of accounting unless the directors either intend to liquidate the company or to cease operations, or have no realistic alternative but to do so.

Auditors' responsibilities for the audit of the financial statements

Our objectives are to obtain reasonable assurance about whether the financial statements as a whole are free from material misstatement, whether due to fraud or error, and to issue a Report of the Auditors that includes our opinion. Reasonable assurance is a high level of assurance, but is not a guarantee that an audit conducted in accordance with ISAs (UK) will always detect a material misstatement when it exists. Misstatements can arise from fraud or error and are considered material if, individually or in the aggregate, they could reasonably be expected to influence the economic decisions of users taken on the basis of these financial statements.

The extent to which our procedures are capable of detecting irregularities, including fraud is detailed below:

Our approach was as follows:-

We obtained an understanding of the legal and regulatory frameworks that are applicable to the company and determined that the most significant frameworks which are directly relevant to specific assertions in the financial statements are those that related to the reporting framework (FRS 102 and Companies Act 2006) and the relevant tax compliance regulations in the jurisdictions that the company operates.

In addition, we concluded that there are certain significant laws and regulations which may have an effect on the determination of the amounts and disclosures in the financial statements being those relating to the environment and occupational health and safety.

We obtained an understanding to how the company is complying with those frameworks by making enquiries of management and those responsible for legal and compliance procedures. We corroborated our enquiries through our review of Board minutes and any correspondence received from regulatory bodies.

We assessed the susceptivity of the company's financial statements to material misstatement, including how fraud might occur by meeting with management from various parts of the business to understand the systems and controls of the company.

Based on our understanding we designed our audit procedures to identify non-compliance with such laws and regulations identified in the paragraphs above. Our procedures involved; journal entry testing; focusing on manual journals and journals indicating large or unusual transactions based on our understanding of the business; enquiries of management and focused testing in relation to revenue and management override.

A further description of our responsibilities for the audit of the financial statements is located on the Financial Reporting Council's website at www.frc.org.uk/auditorsresponsibilities. This description forms part of our Report of the Auditors.

Use of our report

This report is made solely to the company's members, as a body, in accordance with Chapter 3 of Part 16 of the Companies Act 2006. Our audit work has been undertaken so that we might state to the company's members those matters we are required to state to them in a Report of the Auditors and for no other purpose. To the fullest extent permitted by law, we do not accept or assume responsibility to anyone other than the company and the company's members as a body, for our audit work, for this report, or for the opinions we have formed.

Kristi Johnson ACA CTA (Senior Statutory Auditor)

for and on behalf of Hardcastle Burton LLP

Lake House

Market Hill

Royston

Hertfordshire

SG8 9JN

21 May 2026

TURNOVER

3

4,669,607

6,601,464

Cost of sales

4,727,550

6,221,926

GROSS (LOSS)/PROFIT

(57,943

)

379,538

Administrative expenses

378,293

420,242

(436,236

)

(40,704

)

Other operating income

485

4,942

OPERATING LOSS

5

(435,751

)

(35,762

)

Interest receivable and similar income

1,815

4,036

(433,936

)

(31,726

)

Interest payable and similar expenses

6

62,608

29,077

LOSS BEFORE TAXATION

(496,544

)

(60,803

)

Tax on loss

7

(152,003

)

117,307

LOSS FOR THE FINANCIAL YEAR

(344,541

)

(178,110

)

LOSS FOR THE YEAR

(344,541

)

(178,110

)

OTHER COMPREHENSIVE INCOME

-

-

TOTAL COMPREHENSIVE INCOME FOR THE YEAR

(344,541

)

(178,110

)

Note

Prior year adjustment

8

(96,641

)

(9,768

)

TOTAL COMPREHENSIVE INCOME SINCE LAST ANNUAL REPORT

(441,182

)

(187,878

)

FIXED ASSETS

Tangible assets

9

1,674,404

1,597,833

CURRENT ASSETS

Stocks

10

23,585

24,145

Debtors

11

990,233

928,957

Cash at bank

121,010

173,084

1,134,828

1,126,186

CREDITORS

Amounts falling due within one year

12

1,714,886

1,050,626

NET CURRENT (LIABILITIES)/ASSETS

(580,058

)

75,560

TOTAL ASSETS LESS CURRENT LIABILITIES

1,094,346

1,673,393

CREDITORS

Amounts falling due after more than one year

13

(547,794

)

(630,297

)

PROVISIONS FOR LIABILITIES

15

(179,882

)

(331,885

)

NET ASSETS

366,670

711,211

CAPITAL AND RESERVES

Called up share capital

16

100

100

Retained earnings

17

366,570

711,111

SHAREHOLDERS' FUNDS

366,670

711,211

The financial statements were approved by the Board of Directors and authorised for issue on 21 May 2026 and were signed on its behalf by:

S J Matthews - Director

Called up

share

Retained

Total

capital

earnings

equity

£

£

£

Balance at 1 October 2022

100

898,989

899,089

Prior year adjustment

-

(9,768

)

(9,768

)

As restated

100

889,221

889,321

Changes in equity

Total comprehensive income

-

(81,469

)

(81,469

)

Balance at 31 March 2024

100

807,752

807,852

Prior year adjustment

-

(96,641

)

(96,641

)

As restated

100

711,111

711,211

Changes in equity

Total comprehensive income

-

(344,541

)

(344,541

)

Balance at 31 March 2025

100

366,570

366,670

1.	STATUTORY INFORMATION

Bio Collectors Limited is a private company, limited by shares , registered in England and Wales. The company's registered number and registered office address can be found on the Company Information page.

2.	ACCOUNTING POLICIES

Basis of preparing the financial statements

These financial statements have been prepared in accordance with Financial Reporting Standard 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland" and the Companies Act 2006. The financial statements have been prepared under the historical cost convention.

The financial statements have been prepared on a going concern basis. The balance sheet at 31 March 2025 show net current liabilities of £580,058 (2024: net current assets £75,561). The directors have reviewed the projections for the next 12 months and can confirm that positive cash flows are expected.

Furthermore, the directors have received written confirmation from the ultimate controlling party, Foresight Environmental Infrastructure (UK) Ltd, that they will provide financial support to enable the company to meet its liabilities and continue operations for at least twelve months from the date of approval of these financial statements. Based on this confirmation, the directors believe it is appropriate to prepare the financial statements on a going concern basis.

Financial Reporting Standard 102 - reduced disclosure exemptions

The company has taken advantage of the following disclosure exemptions in preparing these financial statements, as permitted by FRS 102 "The Financial Reporting Standard applicable in the UK and Republic of Ireland":

•

the requirements of Section 7 Statement of Cash Flows;

•

the requirement of paragraph 33.7.

Significant judgements and estimates

In the application of the company's accounting policies, the directors are required to make judgements, estimates and assumptions about the carrying amount of assets and liabilities that are not readily apparent from other sources. The estimates and associated assumptions are based on historical experience and other factors that are considered to be relevant. Actual results may differ from these estimates.

The estimates and underlying assumptions are reviewed on an ongoing basis. Revisions to accounting estimates are recognised in the period in which the estimate is revised where the revision affects only that period, or in the period of the revision and future periods where the revision affects both current and future periods.

Critical judgements

The following judgements (apart from those involving estimates) have had the most significant effect on amounts recognised in the financial statements.

Tangible fixed assets

Tangible fixed assets are depreciated over their useful lives taking into account residual values, where appropriate. The actual lives of the assets and residual values are assessed annually and may vary depending on a number of factors Residual value assessments consider issues such as the remaining life of the asset and projected disposal values.

Stock provisions

Stock provisions are estimated by the company in respect of specific stock lines based upon fair wear and tear of the items and any known issues.

Turnover

Turnover represents the amount derived from the provision of services and the sale of materials which fall within the company’s principal activities, being the collection and sale of food waste, carried out entirely within the United Kingdom. Turnover is stated net of value added tax and after deducting trade discounts and any other sales incentives. The fair value of the consideration received or receivable takes into account any trade discounts, settlement discounts and volume-related rebates where applicable.

Income from food waste collection services is recognised either when the food waste is collected from the customer or when the waste container is exchanged, depending on the contractual terms in place and the point at which control of the waste passes to the company. Income from the sale of collected food waste is recognised when legal title and control of the waste is transferred by the company to the anaerobic digestion plant, which is typically upon delivery and acceptance of the food waste by the AD operator. Where food waste is collected from a customer and transferred by the company to a third-party treatment or processing facility, revenue is recognised when control of the waste passes from the company to that third party in accordance with the relevant contractual arrangements.

Tangible fixed assets

Depreciation is provided at the following annual rates in order to write off each asset over its estimated useful life.

Plant and machinery

-

15% on reducing balance and Straight line over 10 years

The gain or loss arising on the disposal of an asset is determined as the difference between the sale proceeds and the carrying value of the asset, and is credited or charged to profit or loss.

Impairment of fixed assets

At each reporting period end date, the company reviews the carrying amounts of its tangible assets to determine whether there is any indication that those assets have suffered an impairment loss. If any such indication exists, the recoverable amount of the asset is estimated in order to determine the extent of the impairment loss (if any). Where it is not possible to estimate the recoverable amount of an individual asset, the company estimates the recoverable amount of the cash-generating unit to which the asset belongs.

Stocks

Stock is stated at the lower of cost and estimated selling price less costs to complete and sell.

Stock comprises consumable items including diesel fuel and bin bags held for use in the business. Cost is determined on a first-in, first-out basis and includes all costs of purchase and other costs incurred in bringing the stock to its present location and condition.

Consumable stock is recognised as an expense in the profit and loss account in the period in which it is used. Provision is made where necessary for slow-moving, obsolete or damaged items to reduce stock to its net realisable value.

Financial instruments

The company has elected to apply the provisions of Section 11 'Basic Financial Instruments' and Section 12 'Other Financial Instruments Issues' of FRS 102 to all of its financial instruments.

Financial instruments are recognised in the company's balance sheet when the company becomes party to the contractual provisions of the instrument.

Financial assets and liabilities are offset. with the net amounts presented in the financial statements, when there is a legally enforceable right to set off the recognised amounts and there is an intention to settle on a net basis or to realise the asset and settle the liability simultaneously.

Basic financial assets

Basic financial assets, which include debtors and cash and bank balances, are initially measured at transaction price including transaction costs and are subsequently carried at amortised cost using the effective interest method unless the arrangement constitutes a financing transaction, where the transaction is measured at the present value of the future receipts discounted at a market rate of interest. Financial assets classified as receivable within one year are not

amortised.

Classification of financial liabilities

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the company after deducting all of its liabilities.

Basic financial liabilities

Basic financial liabilities, including creditors, bank loans, loans from fellow group companies and preference shares that are classified as debt, are initially recognised at transaction price unless the arrangement constitutes a financing transaction, where the debt instrument is measured at the present value of the future payments discounted at a market rate of interest. Financial liabilities classified as payable within one year are not amortised.

Debt instruments are subsequently carried at amortised cost, using the effective interest rate method.

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers. Amounts payable are classified as current liabilities if payment is due within one year or less. If not, they are presented as non-current liabilities. Trade creditors are recognised initially at transaction price and subsequently measured at amortised cost using the effective interest method.

Equity instruments

Equity instruments issued by the company are recorded at the proceeds received, net of transaction costs. Dividends payable on equity instruments are recognised as liabilities once they are no longer at the discretion of the company.

Taxation

Taxation for the year comprises current and deferred tax. Tax is recognised in the Income Statement, except to the extent that it relates to items recognised in other comprehensive income or directly in equity.

Current or deferred taxation assets and liabilities are not discounted.

Current tax is recognised at the amount of tax payable using the tax rates and laws that have been enacted or substantively enacted by the balance sheet date.

Deferred tax

Deferred tax is recognised in respect of all timing differences that have originated but not reversed at the balance sheet date.

Timing differences arise from the inclusion of income and expenses in tax assessments in periods different from those in which they are recognised in financial statements. Deferred tax is measured using tax rates and laws that have been enacted or substantively enacted by the year end and that are expected to apply to the reversal of the timing difference.

Unrelieved tax losses and other deferred tax assets are recognised only to the extent that it is probable that they will be recovered against the reversal of deferred tax liabilities or other future taxable profits.

Hire purchase and leasing commitments

Rentals paid under operating leases are charged to profit or loss on a straight line basis over the period of the lease.

Pension costs and other post-retirement benefits

The company operates a defined contribution pension scheme. Contributions payable to the company's pension scheme are charged to profit or loss in the period to which they relate.

Comparatives

The comparative period figures relate to the 18-month period ended 31 March 2024 and are therefore not directly comparable with the current period.

Employee benefits

The costs of short-term employee benefits are recognised as a liability and an expense, unless those costs are required to be recognised as part of the cost of stock or fixed assets.

Termination benefits are recognised immediately as an expense when the company is demonstrably committed to terminate the employment of an employee or to provide termination benefits.

3.

TURNOVER

The turnover and loss before taxation are attributable to the one principal activity of the company.

An analysis of turnover by class of business is given below:

Period

1.10.22

Year Ended

to

31.3.25

31.3.24

as restated

£

£

Collections

2,784,878

3,704,732

Tipping

224,450

319,212

Waste sales

1,660,279

2,577,520

4,669,607

6,601,464

4.	EMPLOYEES AND DIRECTORS

Period

1.10.22

Year Ended

to

31.3.25

31.3.24

as restated

£

£

Wages and salaries

1,808,698

2,272,567

Social security costs

194,502

255,641

Other pension costs

30,939

44,777

2,034,139

2,572,985

The average number of employees during the year was as follows:

Period

1.10.22

Year Ended

to

31.3.25

31.3.24

as restated

Administrative

3

2

Operations

34

31

37

33

Period

1.10.22

Year Ended

to

31.3.25

31.3.24

as restated

£

£

Directors' remuneration

223,791

131,929

Directors' pension contributions to money purchase schemes

991

991

The number of directors to whom retirement benefits were accruing was as follows:

Money purchase schemes

1

1

Information regarding the highest paid director for the year ended 31 March 2025 is as follows:

Year Ended

31.3.25

£

Emoluments etc

223,791

Pension contributions to money purchase schemes

991

5.	OPERATING LOSS

The operating loss is stated after charging:

Period

1.10.22

Year Ended

to

31.3.25

31.3.24

as restated

£

£

Hire of plant and machinery

261,991

431,716

Other operating leases

73,030

129,737

Depreciation - owned assets

273,572

308,455

Loss on disposal of fixed assets

-

18,382

Auditors' remuneration

26,302

17,075

6.

INTEREST PAYABLE AND SIMILAR EXPENSES

Period

1.10.22

Year Ended

to

31.3.25

31.3.24

as restated

£

£

Other interest

4,033

-

Hire purchase

58,575

29,077

62,608

29,077

7.

TAXATION

Analysis of the tax (credit)/charge

The tax (credit)/charge on the loss for the year was as follows:

Period

1.10.22

Year Ended

to

31.3.25

31.3.24

as restated

£

£

Deferred tax

(152,003

)

117,307

Tax on loss

(152,003

)

117,307

Reconciliation of total tax (credit)/charge included in profit and loss

The tax assessed for the year is lower than the standard rate of corporation tax in the UK. The difference is explained below:

Period

1.10.22

Year Ended

to

31.3.25

31.3.24

as restated

£

£

Loss before tax

(496,544

)

(60,803

)

Loss multiplied by the standard rate of corporation tax in the UK of 25% (2024 - 25%)

(124,136

)

(15,201

)

Effects of:

Expenses not deductible for tax purposes

2,145

5,165

Adjustments to tax charge in respect of previous periods

(30,567

)

-

Group relief

-

77,001

Enhanced capital allowances

-

(647

)

Deferred tax not provided

555

50,989

Total tax (credit)/charge

(152,003

)

117,307

Factors affecting tax charge for the year

The company has taxable losses of £803,661 (2024: £203,956) which are to be carried forward and used against trading profits in future years.

8.	PRIOR YEAR ADJUSTMENT

During the year, the directors reconsidered their accounting policy in respect of wheelie bins previously treated as stock. It was concluded that it is more appropriate to recognise these assets within tangible fixed assets. Accordingly, the comparative figures have been restated, resulting in an increase in tangible fixed assets of £101,278 and a corresponding decrease in closing stock by the same amount. This reclassification has had no impact on retained earnings. The wheelie bins have been depreciated in accordance with the revised accounting treatment, and a prior year adjustment of £19,742 has been recognised to account for the depreciation brought forward, resulting in a corresponding reduction in retained earnings.

In addition, the directors identified an error in the closing accruals at 31 March 2024, as the wages accrual had been omitted. As a result of this prior period adjustment, accruals have been increased by £76,898, with a corresponding decrease in opening retained earnings.

In the prior year, the company applied the presentation and disclosure exemptions available under Section 1A of FRS 102. However, the company did not qualify for these exemptions. The current year financial statements have therefore been prepared in accordance with full FRS 102.

Comparative information for the year ended 31 March 2024 has been restated to conform with the presentation and disclosure requirements of full FRS 102. There has been no impact on the recognition or measurement of assets, liabilities, income or expenses.

9.	TANGIBLE FIXED ASSETS

Plant and

machinery

£

COST

At 1 April 2024

2,870,327

Additions

350,143

At 31 March 2025

3,220,470

DEPRECIATION

At 1 April 2024

1,272,494

Charge for year

273,572

At 31 March 2025

1,546,066

NET BOOK VALUE

At 31 March 2025

1,674,404

At 31 March 2024

1,597,833

The net carrying value of tangible fixed assets totals £1,410,678 (2024: £1,338,526) in respect of assets held under finance leases or hire purchase contracts.

10.

STOCKS

31.3.25

31.3.24

as restated

£

£

Stocks

23,585

24,145

11.

DEBTORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

as restated

£

£

Trade debtors

557,273

516,267

Amounts owed by group undertakings

198,382

180,632

Other debtors

33,231

43,214

Tax

2,900

2,900

Prepayments and accrued income

198,447

185,944

990,233

928,957

12.

CREDITORS: AMOUNTS FALLING DUE WITHIN ONE YEAR

31.3.25

31.3.24

as restated

£

£

Hire purchase contracts (see note 14)

354,670

276,866

Trade creditors

442,915

554,570

Amounts owed to group undertakings

569,691

-

Social security and other taxes

43,935

73,720

VAT

48,709

-

Other creditors

6,444

9,115

Accruals and deferred income

248,522

136,355

1,714,886

1,050,626